Tredegar (NYSE:TG) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Tredegar (NYSE:TG) from a hold rating to a buy rating in a research report released on Monday.

Tredegar Stock Performance

NYSE TG opened at $7.92 on Monday. The firm’s fifty day moving average price is $7.71 and its two-hundred day moving average price is $7.53. The stock has a market cap of $274.47 million, a PE ratio of -10.02 and a beta of 0.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.42 and a current ratio of 0.79. Tredegar has a fifty-two week low of $4.31 and a fifty-two week high of $9.22.

Tredegar (NYSE:TG) last issued its earnings results on Wednesday, March 12th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $154.05 million during the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%.

Institutional Investors Weigh In On Tredegar

Several hedge funds have recently added to or reduced their stakes in TG. Bank of America Corp DE increased its position in Tredegar by 691.9% in the 4th quarter. Bank of America Corp DE now owns 2,893,980 shares of the basic materials company’s stock valued at $22,226,000 after acquiring an additional 2,528,530 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Tredegar by 10.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 5,623,809 shares of the basic materials company’s stock worth $43,191,000 after purchasing an additional 513,415 shares during the last quarter. American Century Companies Inc. increased its holdings in Tredegar by 35.0% in the fourth quarter. American Century Companies Inc. now owns 503,066 shares of the basic materials company’s stock valued at $3,864,000 after purchasing an additional 130,291 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Tredegar by 608.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 151,269 shares of the basic materials company’s stock worth $1,162,000 after purchasing an additional 129,909 shares during the last quarter. Finally, Gabelli Funds LLC lifted its holdings in Tredegar by 13.2% during the 4th quarter. Gabelli Funds LLC now owns 1,062,415 shares of the basic materials company’s stock worth $8,159,000 after buying an additional 124,115 shares during the period. 79.24% of the stock is currently owned by institutional investors and hedge funds.

About Tredegar

Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and alloyed aluminum extrusions to fabricators and distributors.